From: Jim Carbone [jim_carbone@yahoo.com]
Sent: Tuesday, November 05, 2002 3:08 PM
To: rule-comments@sec.gov
Subject: s7-36-02 Mutual Fund Proxy Vote
Hello! I was shocked and at the same time surprised to see the small number of
comments posted about this rule. I learned just today (election day) that I
could view and post my opinion! I'm appreciative to be able to do so.
In the past 2 years I've lost over 55% of all my retirement monies that were in
"actively managed" mutual funds. These funds claim to add value when all I see
them do is pay themselves hundreds of millions in "fees" and charge expenses.
This isn't justified when I look at the "managed" performance compared to the
"plain old market". Yet they have a fiduciary duty to the investors in their
funds. Certainly they should disclose how they use their voting proxy clout!
For them to object only makes me, a nobody investor, suspicious. The SEC is all
we have on our side. Please implement this rule!
Thank you,
James Carbone
--------------------------------------------------------------------------------
Do you Yahoo!?
HotJobs - Search new jobs daily now